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20110716
20110716
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more on that later. but we begin with the big fight in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question this morning will we to see any progress this weekend? we go live to the white house for more. are they working this weekend and might we expect more progress here? >> reporter: we'll to see. there's a lot of closed door negotiations. that's the phase we're in now. we're a day closer to what many experts have called a financial catastrophe, six closed door meetings that they had in the west wing. the focus turns to congress. whether or not they can reach a deal on a dramatically scaled back version, not that grand bargain, something smaller but do it in time for august 2nd when the country is due to run out of cash. taking his case public for the second time in a week, president obama accused republicans of refusing to compromise. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards w
witt. first off for you this hour the big fight in washington over spending and the debt limit. as that august 2nd deadline to raise the debt ceiling grows closer. we go to the white house for more. >> reporter: good morning, richard. it's a day closer to what the president and many outside experts are calling a financial catastrophe and hope for a big deal, the so-called grand bargain appears to be all but lost. the action turns to congress and whether they can pass a scaled down version of debt reduction before the country runs out of cash. taking his case public for the second time in a week, president obama accused republicans of refusing to compromise. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards what the president described as are a ma fw -- armageddon, he's hoping a deal could still be struck. >> but we got to get started now. that's why i'm expecting some answers from all the congressional leaders sometime in the next calm of da
. as we all know how it's going to end with the debt ceiling being raised, no real big agreement on spending and taxes, all that's left is a week of political posturing. what would happen politically if no deal was reached and the u.s. did default? would voters blame the president or the economy and republicans? the answer to do could determine who wins the 2012 election. also, the videotape, michele bachmann's husband denying he referred to gas as barbarians despite the tape that indicates differently. we have a full unedited tape on that. that tops our 2012 coverage tonight. >>> the drip of the rupert murdoch scandal continues. first rebeck ka brooks the head of his newspaper operations resigned. then late this afternoon we learn that the ceo of here is stepping down. can murdoch stop the scandal from completing overwhelming his empire. and finally cue mar and in harold and cue mar leaving the white house for a reoccurring role in "how i met your mother." that's in the side show. tonight's question, who's holding up the agreement? congressman chris van hollen is a democratic fr
deadline still fast approaching, the big question, will we see any progress so the u.s. will not default on its bills? nbc's mike vick kwer are at the white house. >> reporter: raising interest rates, people not getting checks, veterans affairs, in the course of each and every month. that's what's at stake here, the government would have to start to prioritize and major credit agencies are already talking about downgrading treasury bonds and the wisdom of investing in those. today, more dualing back and forth, the president in his weekly address, orrin hatch speaking for republicans, here's what they had to say about the state of play. >> i don't think oil companies should get tax breaks when they're getting tens of millions of profits. i don't think hedge fund managers should make more in bonuses than their secretaries salary. >> it was a crime of the president to submit and for congress to pass -- the only reason that congressional democrats would refuse to pass it because they know that the people of this country would rise up and quickly ratify it. >> there you see orrin hatch from u
going on behind the scenes, no big meetings today, the president in his weekly address today laid out the stakes and again called for share sacrifice and that means in the white house, you're raising taxes on the wealthy. >> the truth is, you can't solve our deficit without cutting spending, but you also can't solve it without asking the wealthiest americans to may their fair share or without taking on loopholes that give special interests and big corporations tax breaks that middle class americans don't get. >> reporter: now those taxes that the president are talking about, a nonstarter with republicans, that is a sticking point. that is the impasse, the hurdle that they simply cannot clear. in the meantime, republicans are moving ahead in congress with a balanced budget amendment to the constitution. it is very much a long shot. they're moving ahead, here's orrin hatch explaining why. >> the only reason this administration doesn't want a constitutional amendment is because they want to keep spending the american people's money. and the only reason congressional democrats would refus
're going to start with the big event in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question will we see any progress this weekend. this as president obama warns that failure to take action could lead to serious financial fallout. >> we don't need a constitutional amendment to do our jobs. the constitution already tells us to do our jobs. we don't need more studies. we don't need more a balanced budget amendment. we simply need to make these tough choices and be willing to take on our bases. >> the republicans say they have a new long-term fix. a new amendment to the u.s. constitution. let's go straight to aaron mcpike. an issue of what is at stake today. a reporter with real clear pricks. what is this budget amendment? before we get to that, i want to show people what is at stake in terms of the numbers. $23 billion in social security payments. that's a payment that's on the united states' credit card bill. $87 billion that's another number that's being watched. august 15th also will come due $30 billion in interest paym
with your life. >> it's big business coming into the country hidden in unbelievable ways. what's the strangest thing you've seen in heroin smuggling? >> it has to be the liquid heroin inside the puppies. >> and a controversial heroin overdose antidote. you'll see it bring a user back from the edge of death. >> there he is. back from the dead. >> heroin, a deadly drug and a business that is still flourishing and recruiting new customers every day. our kids. >> i watched two of my friends die from it. >> the parents like to say it's not happening so we close our eyes and kids continue to die. >> heroin is one of the most addictive drugs known. it's cheap. it's easy to get. once a user is hooked, it can be for life. for the drug traffickers who deal in it, it's a hugely profitable business. heroin use is a major problem in the northeastern u.s. and the federal drug enforcement agency is working hard to do something about it. we rode along with the dea in new jersey as undercover agents hit the streets in search of heroin. it didn't take long. >> the surveillance team is all set up
to other states and has been trying in a very big way of spreading the gospel of making it harder to vote all across the country. not just in kansas, but everywhere. earlier this week chris coback wrote urging politicians in other states to do what he and sam brownback have done in kansas, the case republicans broadly make for the urgent need for these new make it harder to vote laws is that voter fraud is wide spread across the country and a real threat. as evidence, there were 221 incidents of voter fraud reported in kansas between 1997 and 2010. seven of which yielded convictions. that's the evidence. 13 years, 7 convictions. convictions? detailed in a report from mr. coback's office in kansas. they consist of the following. one instance of electioneering, so campaigning too close to a polling place and six incidents of double voting, people voting in kansas or another state or two different counties in kansas. again, the seven convictions that are evidence to make voting harder is one case of electioneering and six cases of double voting. here's the thing, whether or not those seven c
policymakers who are making very bad decisions or no decisions at all. their big concern is the unstable policy climate will continue to put the roadblocks to allow the self-employed community to achieve and grow past this current economic climate. >> so how is that affecting the way they're running their businesses right now? >> everyone is running their business very hesitantly. they're very cautious about the decisions they make because so much is up in the air regarding policy whether it be tax policy, health policy. dealing with the national debt right now. balancing the budget. there's just a big concern about the regulatory environment. and they're cautious about the way they're growing and spending money. it's making it very difficult for people to get through the economic downturn. >> does it feel like it's different than it was a couple of years ago? >> it is. our members are saying that it's worse. that the political climate is so much more worse these days. that people are putting politicians over policy and making good decisions for our country. there's a big concern about the inst
Search Results 0 to 8 of about 9